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On-chain security analysis — is it a scam or legit?

Is Basehat Safe?

BASEHATBase
Not verified This record has not gone through deep verification and is not being monitored. The score is a dated snapshot — the token’s risk can change at any time.Own this token? Put it under verification →
Last checked Sep 4, 2026 · 1 audit on record
SummaryAI Copilot

This audit report is based on the provided contract address without access to its source code.

Read the full analysis
What raised the score
  • Ownership status UNKNOWN
  • Mint capability UNKNOWN
  • Liquidity not locked, but no owner/deployer address holds LP — market-depth risk, not rug risk
  • Liquidity < $50k
  • LP top1 unlocked holder = 53.4%
  • LP top3 unlocked holders = 93.8%
  • Token age < 30 days
Exact factors
  • Ownership status UNKNOWN (owner could not be resolved)
  • Mint capability UNKNOWN (implementation ABI unreadable)
  • Liquidity not locked, but no owner/deployer address holds LP — market-depth risk, not rug risk
  • Liquidity < $50k ($42,644 across 6 pairs — thin market)
  • LP top1 unlocked holder = 53.4% (independent LP — depth risk, pool = 99% of DEX liquidity)
  • LP top3 unlocked holders = 93.8% (independent LP — depth risk, pool = 99% of DEX liquidity)
  • Token age < 30 days (still settling)

Each factor is an on-chain fact recorded at the time of this analysis. The score is computed from them by a deterministic function, so the same contract returns the same score for anyone who runs the audit. How scores are computed

Security Checklist

as of audit · Sep 44 of 7 checks passed
Contract verifiedVerified
OwnershipUnknown
MintUnknown
Liquidity lockNot locked
UpgradeabilityFixed code
HoneypotNone found
Buy / sell tax0% / 0%

Holders

as of audit · Sep 4, 2026
24.8%Contracts5.0%70.2%Everyone else
24.8%Contracts5.0%70.2%Everyone else
ContractsWalletsEveryone elseBubble area = share of supply
29.8%of supply sits with the top 10 holders
  • Contractstreasury, vesting, bridge, staking24.8%
  • Walletsanonymous holders, free to sell5.0%
  • Everyone elsethe rest of the supply70.2%
Effective concentrationwhat the score reads14.9%
How holder types affect the score

Share held by contracts — treasury, vesting, bridge or staking — is discounted against share held by wallets when the score is computed: a contract cannot decide to sell the way an anonymous holder can, though it can still be drained or voted to sell. Effective concentration is the figure the risk score is actually calculated from.

Holder balances as recorded by the audit of Sep 4, 2026

Liquidity

as of audit · Sep 4$42.6K across 6 pairs
LP tokensNot locked

The LP tokens of the analysed pool are not locked or burned, so whoever holds them can withdraw that liquidity.

Analysed pool$42.4KShare of depth99.3%
Top-1 Unlocked Holder53.4%
Top-3 Unlocked93.8%
Unlocked LP held by
0x1623…ab5b0x1983…a2580x3dd5…599d0x72b5…5a230x170f…7cec

No privileged address appears among these holders: the unlocked liquidity sits with independent providers, not with the deployer.

Security Findings

3 Info
Info

Source Code Unavailable for Technical Analysis

The contract source code for address 0xb200…4a01 was not provided. This prevents a detailed technical security assessment, including checks for common vulnerabilities like reentrancy, integer overflows/underflows, denial-of-service, and logic errors (7.2 Code Security).I-01

Issue

The contract source code for address was not provided. This prevents a detailed technical security assessment, including checks for common vulnerabilities like reentrancy, integer overflows/underflows, denial-of-service, and logic errors (7.2 Code Security).

Fix

Always provide verified source code for any smart contract intended for public deployment or audit. This enables a comprehensive review of the contract's logic and security posture.

Status

Unresolved

Info

Access Control and Privileged Functions Unverified

Without the contract's source code, it is impossible to verify the implementation of access control mechanisms (7.3 Access Control) and identify any privileged functions. This includes assessing whether critical operations are adequately protected, if ownership is properly managed, or if there are potential single points of failure.I-02

Issue

Without the contract's source code, it is impossible to verify the implementation of access control mechanisms (7.3 Access Control) and identify any privileged functions. This includes assessing whether critical operations are adequately protected, if ownership is properly managed, or if there are potential single points of failure.

Fix

Implement robust access control using established patterns (e.g., OpenZeppelin's Ownable or AccessControl). Clearly define and document all privileged roles and their associated permissions. Ensure multi-signature wallets are used for critical administrative actions.

Status

Unresolved

Info

Economic, Governance, and Upgradeability Risks Unassessed

The absence of source code and project context prevents any assessment of economic (7.4), governance (7.5), external (7.6), and upgradeability (7.7) risks. This includes potential for oracle manipulation, flash loan attacks, governance centralization, or unsafe upgrade paths. Operational aspects (7.8) also remain unverified.I-03

Issue

The absence of source code and project context prevents any assessment of economic (7.4), governance (7.5), external (7.6), and upgradeability (7.7) risks. This includes potential for oracle manipulation, flash loan attacks, governance centralization, or unsafe upgrade paths. Operational aspects (7.8) also remain unverified.

Fix

Provide comprehensive documentation detailing the protocol's economic model, governance structure, external dependencies, and upgrade strategy. For upgradeable contracts, ensure a secure proxy pattern is used and thoroughly tested.

Status

Unresolved

Analysis

AI Copilotas of audit · Sep 4
Executive SummaryWhat the contract is and what the review found

This audit report is based on the provided contract address without access to its source code. Therefore, a comprehensive security analysis could not be performed. The findings below highlight general security considerations that would typically be assessed, but their applicability and resolution status remain unverified.

Technical8/10Low risk

Due to the absence of contract source code, a comprehensive technical security analysis (7.1 Architecture, 7.2 Code Security, 7.3 Access Control) could not be performed. Therefore, specific vulnerabilities such as reentrancy, integer overflows, or improper access control mechanisms cannot be identified or confirmed. General best practices for secure smart contract development are assumed but unverified.

Governance2/10High risk

Without access to the contract's source code and broader protocol documentation, an assessment of economic (7.4) and governance (7.5) risks is not possible. This includes analysis of tokenomics, incentive mechanisms, potential for oracle manipulation, or governance attack vectors. External dependencies (7.6) and their associated risks also remain unexamined.

Upgrades6/10Medium risk

The upgradeability architecture (7.7) of the contract could not be determined without source code. This prevents an analysis of potential upgrade safety issues, such as storage collisions in proxy patterns or improper initialization logic. Operational aspects (7.8) related to contract administration and emergency procedures also remain unverified.

Final RecommendationWhat to do about this score

For any smart contract deployment, it is paramount to conduct a thorough security audit with full access to the source code.

This includes reviewing for common vulnerabilities, adherence to best practices, and a comprehensive understanding of the contract's intended functionality and interactions. Ensure robust testing, formal verification, and continuous monitoring are part of the development and deployment lifecycle.

Contract & Record

1 audit on record
Type-
NetworkBase
Token age14d
Contract0xb200…4a01
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Audit History
  1. Sep 4, 202636Medium
  2. Aug 31, 202630Low

Score changes are recorded as dated snapshots — history is append-only and cannot be edited.

Frequently Asked Questions

What is the BASEHAT contract address?

The Basehat contract on Base is 0xb2000000000000000000008c60669cc2bd524a01. Compare it with the address the project itself publishes before trading: other contracts can carry the same name and ticker.

Is Basehat a scam?

Quantum Audit's risk score for Basehat is 36/100 (Medium risk) as of Sep 4, 2026, computed by a deterministic function from on-chain facts — Contract verified: Verified; Liquidity lock: Not locked; Upgradeability: Fixed code; Honeypot: None found; Buy / sell tax: 0% / 0%. A score is a dated snapshot of those facts, not a guarantee; each one is listed on this page.

Is BASEHAT liquidity locked?

Liquidity lock: Not locked (as of Sep 4, 2026). Total DEX liquidity: $42.6K.

Who holds BASEHAT?

As of Sep 4, 2026, the 10 largest holders own 29.8% of the supply. The Holders section on this page shows who they are by holder type.

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